Queens Road Capital (QRC) – Converting to TSX in 2021 to Seek Billionaire Status

Matthew Gordon,
Ptolemy Capital

5 Months ago

Gilman used to manage money for Li Ka-shing. There were some simple rules for accessing his money. 1. Don’t lose my money 2. Getting an income from that money. On top of that came some simple investment tips,. 1. Ensure the right corporate and financial structures 2. Invest in the right jurisdictions 3. Make sure the assets had a great ore body that could become a mine. Gilman is taking that model into this public vehicle and carrying on where he left off, except the time with the backing of a handful of Australian Billionaires. Gilman addresses the issue of liquidity and Dividends, and share how they intend to target their next investments. Current they have 2 terms sheet out, on top of their 3 investments in NexGen, ISO Energy and Adriatic Minerals, and he believes that his current investors will follow their money on the next raise. The part of this story we like most is that when Gilman says he is aligned with shareholders, he means it. He has invested $5M of his own money into shares at market. He takes no salary and there is only 1 other employee. A clean corporate structure and a clear business plan. I’m happy.

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